The Trump administration has urged European nations to release some of their diesel reserves Friday, saying U.S. farmers, truckers, and businesses should not bear the brunt of global supply disruptions.
The President’s message comes as he considers whether to implement a diesel export ban to address high energy prices.
Trump told reporters in Texas that he “may” ask European countries to release diesel reserves, after he previously said he is “very seriously” considering a diesel export ban.
The President said Wednesday that he is still “thinking about” banning diesel exports but acknowledged that doing so may have a “negative impact” on gasoline.
In a post on social media, U.S. Treasury Secretary Scott Bessent said: “Under President Trump’s leadership, the United States is delivering on its commitments to help stabilize global energy markets. Our European partners should accelerate delivery on their existing commitments and make additional supplies immediately available to address ongoing disruptions. American farmers, truckers, and businesses should not be left carrying the burden of a global diesel shortage. America is doing its part. We look to our allies to match their commitments with action.”
The comments come as average U.S. diesel prices surged to a record high of $6.50 per gallon late last month, according to the American Automobile Association, up sharply from a year ago.
By CEO NA Editorial Staff
